Thursday, January 9, 2020

Burial Insurance for Parents


Is there burial insurance I can purchase on my parents?

Yes. There are burial insurance plans available from several different insurance carriers, including United f Omaha, Gerber, AIG, MetLife, and Colonial Penn, among others.

And, adult children may purchase burial life insurance on their parents, because they have an insurable interest in their parents, which is required in order to buy life insurance on someone else.

Most burial insurance policies offer guaranteed acceptance for anyone who meets the age requirements; for example, people ages 45-85.

That means, if your parent meets the age requirements for guaranteed acceptance, he or she will not have to take any health exam, or answer any questions about their health.

Here's how to get burial insurance for parents.

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